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Jamie Redman

Galaxy Digital Wins NYDFS BitLicense and Money Transmitter Approval for NY Institutions

Galaxy Digital said it obtained a BitLicense and a Money Transmission License from the New York State Department of Financial Services on May 18, enabling regulated digital-asset trading and custody services for institutions statewide. Through Galaxyone Prime NY, the firm will serve New York hedge funds, registered investment advisers, and family offices, and it reported $9 billion in client assets across its digital-asset business.